Compliant Suppliers
Are You Working With Compliant Suppliers?

Are You Working With Compliant Suppliers? Every company is obliged to comply with laws and regulations. The amount of compliance varies by country, industry and size of company, with some industries such as banking more highly regulated than others. An example of a law is the Data Protection Act 2018 that every company must comply

Do You Measure Supplier Performance?

Do You Measure Supplier Performance? Your company has spent a lot of time and effort to run a competitive tender process, negotiated a good deal, signed the contract and implemented the new supplier. For some this is where the idea of the procurement process stops and the supplier is just left to get on and

Supplier relationship management
The Ultimate Guide To Supplier Relationship Management (SRM)

The Ultimate Guide To Supplier Relationship Management (SRM) Supplier management is a process that drives the best value between a company and the suppliers they work with. Within strategic procurement, Supplier Management allows companies to plan, manage and improve interactions with third-parties that provide them with goods or services. Supplier relationship management (see below) is a

How Do You Manage Supplier Relationships?

How Do You Manage Supplier Relationships? It’s a simple fact that suppliers are an essential part of every business, with 70% of the average company’s revenue being spent with third parties.  Despite this, for some companies the procurement process ends after signing a contract and starting to use a new supplier. Usually, the only time

Supply Management
What Is Supplier Management?

What Is Supplier Management? Supplier management is a process that drives the best value between a company and the suppliers they work with. Within strategic procurement, Supplier Management allows companies to plan, manage and improve interactions with third-parties that provide them with goods or services. Supplier relationship management (see below) is a key factor in a

Company Values
Do Your Suppliers Share Your Values?

Do Your Suppliers Share Your Values? Whenever we purchase any good or service the first two things that we usually consider are the quality and the price. Our perception of both tells us whether what we are purchasing offers us value for money or not. The idea of what value for money looks like varies

Supplier-chain management
Improve Your Supply Chain Performance With These 5 Tips

Improve Your Supply Chain Performance With These 5 Tips When it comes to successful procurement, having a steady supply chain is a crucial element. Supply chain managers are tasked with optimising efficiency strategies as the business climate evolves and as the company grows.  Every stage of the supply chain must be thoroughly evaluated and monitored

supplier management agreement
How to Build Meaningful Relationships With Your Suppliers

How to Build Meaningful Relationships With Your Suppliers Working with the suppliers who provide goods and services to your company is essential for the smooth and successful running of your business. This is why supplier relationship management (SRM) is so important.  While choosing cost-effective suppliers and maximizing the value of your relationship with them sounds

Supplier Management Solutions
How Supplier Management Solutions Can Help Your Business

How Supplier Management Solutions Can Help Your Business The growth and sustainability of any business is directly linked to the success of its supply chain. Building and managing one can be incredibly complex, mainly for procurement teams. This is especially true if you don’t know where to start expanding. It’s also possible that any spend

procurement purchasing software
3 Reasons Supply Chain Visibility Is Essential

3 Reasons Supply Chain Visibility Is Essential Supply chain management has become more complex over the years as it expands to more locations all over the world. Delivering to locations across the globe has made products much more accessible, but it also comes with its own set of challenges. With these logistical difficulties, it is

Procurement software global
What to Look for in Vendor Management Software

What to Look for in Vendor Management Software In this fast-paced society, having vendor management software to support your business can bring the convenience and efficiency you need to grow. With numerous online procurement management systems available in the market today, finding the best solution for your business needs is not always easy. Getting another

Software oboloo blog
4 Steps For Selecting The Right Software For Your Business

4 Steps For Selecting The Right Software For Your Business 4 Steps For Selecting The Right Software For Your Business Choosing software for your business can be exciting, but it can be extremely stressful if you don’t really know what you need. There are a lot of options to choose from and selecting the right

Supplier Audit
3 Benefits of Adopting Supplier Management for Your Business

3 Benefits of Adopting Supplier Management for Your Business 3 Benefits of Adopting Supplier Management for Your Business SME’s and enterprises usually require many suppliers in order to operate efficiently and grow. This means you are more likely required to conduct supplier onboarding and vetting, which is the process of gathering data and documents needed

oboloo software blog
What To Look For In A Contract Or Supplier Management Software

What To Look For In A Contract Or Supplier Management Software Contract management software used to be for record-keeping or legal auditing purposes only. Today, though, management software have become enterprise-level solutions. Since organisations are always looking for ways to minimise costs and risks while maximising revenue, streamlining processes has become a need rather than

oboloo supplier blog 2
Shortcuts taken in UK supplier vetting – 31% of third parties considered “high-risk”

Shortcuts taken in UK supplier vetting – 31% of third parties considered “high-risk” A third of all new supplier onboarding tackled in the UK over the last 12 months wasn’t executed by the book, according to a new Dow Jones report. Half of procurement professionals surveyed by the company believe that corners are being cut

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